• The property is 100% occupied by O’Reilly Auto Parts (NASDAQ: ORLY) (S&P BBB), Berkshire Medicine, and Bottomless Bricks
• O’Reilly Auto Parts commenced their lease in January 2024 and currently has apx. 14 years remaining on their initial 15 year lease term
• O’Reilly has 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 8% increases every 5 years and at the beginning of each option period
• The tenant Berkshire Medicine has been a tenant at the center since 2016 and currently has apx. 2 years remaining
• The lease features 3% annual increases
• Bottomless Bricks currently has 1 year remaining on their initial lease with 1 (1-year) option and 1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 3.5% increase in the first option, and 2% annual increases in the second option, growing NOI and hedging against inflation